Global banks engaged in industrial-scale money laundering says ICIJ
Global banks have engaged in industrial-scale money laundering according to secret financial intelligence reports leaked to the BuzzFeed News channel and analysed by the International Consortium of Investigative Journalists (ICIJ).
The consortium alleges the leaked reports from the US treasury department’s Financial Crimes Enforcement Network (FinCEN) reveal that banks’ profit motives override their legal obligations to curb money laundering.
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